Torque Corporation Is Expected to Pay a Dividend of $1

question 12

Multiple Choice

Torque Corporation is expected to pay a dividend of $1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5%, and the expected return on the market portfolio is 13%. The stock of Torque Corporation has a beta of 1.2. What is the intrinsic value of Torque's stock?

• A) $14.29
• B) $14.60
• C) $12.33
• D) $11.62

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The average weather conditions in a specific area over a long period, influenced by its geography, altitude, and proximity to bodies of water.

Ozone Hole

A region of significantly depleted ozone in the Earth's stratosphere, primarily over the Antarctic, due to the release of chemical pollutants.

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A meteorological condition in which a layer of warm air traps pollution and colder air beneath it, possibly leading to smog and health issues.

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Environmental issues arising from contaminants in the air, water, and soil, adversely affecting life and the planet's ecosystems.